Loudoun Heritage Farm Museum
- Assets
- $569.7k
- Revenue
- $196.5k
- Investments
- $0.0
- Employees
- 11
- Location
- Sterling, VA
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 54-1928321
Organization Overview
Loudoun Heritage Farm Museum is located in Sterling, VA. The organization was established in 1999. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Loudoun Heritage Farm Museum employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loudoun Heritage Farm Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Loudoun Heritage Farm Museum generated $196.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $203.1k during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND INTERPRET THE HISTORY OF AGRICULTURE AND RURAL LIFE IN LOUDOUN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AN EDUCATIONAL ENVIRONMENT AND EDUCATIONAL PROGRAMS ON THE FARM EXPERIENCE THROUGH A MUSEUM, FARM TOURS/PROGRAMS, AND SOCIAL MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Marie D Paquette Executive Director | Officer | 40 | $42,385 |
John Adams President | OfficerTrustee | 0.5 | $0 |
Chris Gerow Vice President | OfficerTrustee | 0.5 | $0 |
Rumsey Light III Treasurer | OfficerTrustee | 0.5 | $0 |
Doug Harrison Secretary | OfficerTrustee | 0.5 | $0 |
Loren Hudziak Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $148,421 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,625 |
| Total Program Service Revenue | $35,092 |
| Investment income | $7,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,407 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,478 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,385 |
| Compensation of current officers, directors, key employees. | $2,119 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,482 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,803 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,210 |
| Office expenses | $789 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $828 |
| Insurance | $3,100 |
| All other expenses | $6,427 |
| Total functional expenses | $203,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,655 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,075 |
| Investments—publicly traded securities | $430,936 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $569,666 |
| Accounts payable and accrued expenses | $270 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $69 |
| Total liabilities | $339 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $569,327 |
| Total liabilities and net assets/fund balances | $569,666 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Loudoun Heritage Farm Museum has recieved totaling $915.
| Awarding Organization | Amount |
|---|---|
Clarence L Robey Testamentary Charitable Trust Orlando, FL PURPOSE: GENERAL | $915 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thomas Jefferson Foundation Inc Charlottesville, VA | $395,493,786 | $54,038,606 |
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
Society Of The Cincinnati Washington, DC | $28,928,587 | $7,746,929 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
B & O Railroad Museum Baltimore, MD | $29,274,881 | $4,473,800 |